Kuala Lumpur, 2 May 2012

Malaysia’s Royal Award for Islamic Finance calls for global nominations

Malaysia’s Royal Award for Islamic Finance (The Royal Award) continues its global search to honour an exceptional individual in the field of Islamic finance, with the opening of nominations.

The Royal Award, which was inaugurated in 2010 as a biennial award, is spearheaded by Bank Negara Malaysia and the Securities Commission Malaysia in support of the Malaysia International Islamic Financial Centre (MIFC) initiative. The Royal Award focuses on an individual’s record of achievement and outstanding contribution to the advancement of Islamic finance globally.

An independent seven member international jury, chaired by former Malaysian Deputy Prime Minister and Chairman of the World Islamic Economic Forum Foundation, Tun Musa Hitam, will select the deserving individual. The selection criteria of The Royal Award for Islamic Finance encompass both qualitative and quantitative aspects of an individual’s exceptional contribution towards Islamic finance globally. This includes financial innovation and pioneering work, exceptional leadership, adoption and acknowledgement within the industry, and inspiration and influence towards future progress and development of Islamic finance.

With immediate effect, nominations from the global financial community can be made via the website www.mifc.com/award. The closing date for nominations is 1 June 2012. For more information on The Royal Award, please visit www.mifc.com/award.

On behalf of the Malaysia International Islamic Financial Centre (MIFC) Initiative